Member Info for Torreaguas

ah bless, i just hope you are all still here when I am selling at 5p. I doubt it though, you will be under your rocks when the sp starts to rise.

the mm's love people like this, money for old rope for them. was it you YorkshireLife?

It seems like the type of thing you would do.

YorkshireLife, that just tells me why you lost your money, cant tell a buy from a sell. oh dear.

Another little 50k to the collection for me.

Balcombe planning application next, if that goes through finally we will smash through 1p with ease. 24th March is the meeting.

Obviously there could be something new before then or more news on Saltfleetby, you never know.

Ja51, that is just about your most pathetic post yet. Picking out a day of market panic when the whole market got hammered.

LOL, probably the most pathetic post on and shares website for many a year ! .. What a stupid thing to say.

THE .724 is a buy, in the sell column tut, tut, they need to show some sells somehow, even if they are fake.

that is why i am buying when i can. The gas field is proven, all these people crying over previous losses cannot see it, or refuse to see it.

They will just sit on the sidelines and watch it rise. Then they will moan about something else. The way to do it is to buy in, make your money back and then sell, then moan if you want too!

nice decent buys coming in now. Can we stay blue and go even higher..

another 49,000 for me. Bringing my average to just under a penny.

5p target by yr end.

looks like there should be no problem with it being passed. most valid objections have been withdrawn in Feb.

Small sells bigger buys, tick up coming.

Looks like all sells at this level are done after yesterdays panic. Lets see if we can go blue today.

it is quite amusing watching the panic, why the hell would you sell based on covid19 and the russians having a row with saudi's? baffling.

Angus is focusing mainly on Saltfleetby Gas which is valued at 2.9p to 6.1p per share and people sell as the oil price drops. Incredible.

All panic this morning, nice to see the recovery. We should be blue this week. Now hopefully the panic is done it should start to go up.

that must be an issue for producing companies, i suspect this virus panic will be well gone by the time Angus reach production from Saltfleetby and Balcombe.

on the markets, took 150k in 2 trades, madness.

cant buy on ig, system down

The Future is Bright, lets leave the past behind, where it belongs.

UK independent producer Angus Energy's onshore Saltfleetby gasfield has proved to be a "gem" following analysis of its reserves by Oilfield International, it said March 5. Shareholders can expect a clear return of £25 ($32)mn from a £1.5mn investment, according to calculations.

https://www.naturalgasworld.com/uk-onshore-field-proves-a-gem-for-angus-77026

The mean sales gas reserves are estimated at 16bn ft³ net to Angus, which has a 51% stake, it said. Also forming part of mean reserves are 97,000 barrels of condensate, again net to Angus. The total cash flow after costs but before taxes of these reserves is £50mn at prices derived from the gas forward curve from ICE exchange and an average forward condensate price of $42/barrel. Oilfield International has also assigned mean contingent resources of 10bn ft³.

Drilling a horizontal sidetrack to an existing well in the first half of next year will cost about £1.5mn, but gas can be brought on stream this year, with no other capital expenditure needed. The company might decide to spend more from 2022 to monetise the contingent resources, it said.

Allowing for capital and operating expenditure, taxation, cost of capital. abandoment costs and a gas grid connection, the resulting mean value of the reserves to Angus shareholders, which is also the central case, is just over £25mn, with a high case of £35mn and a low case of £16.7mn.